Gene Haas Arrested!!!!
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Eagle1
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There goes that big fancy Wind Tunnel theyt were bragging they were going to build. LOL
Haas Out On Bail
A NASCAR team owner accused of defrauding the government of more than $20 million in taxes was released on $10 million bail Friday. Gene Haas, the 54-year-old owner of Oxnard-based Haas Automation and NASCAR's Haas CNC Racing, was arrested Monday for investigation of conspiracy, filing false tax returns and witness intimidation. Charges filed by the U.S. attorney's office accuse him of orchestrating a plan to list $50 million in bogus expenses that could be written off as business costs and save the company $20 million in taxes.
Haas was ordered to turn in his passport at a hearing before U.S. District Court Judge Patrick J. Walsh. The judge said Haas can travel to NASCAR races and to his business in North Carolina with the court's prior permission. Walsh overruled the government's objections to the bail conditions.
"The government's assertion that Mr. Haas is a flight risk was based entirely on conjecture and hearsay," Haas' attorney, Kenneth M. Barish, said in a statement. "Mr. Haas has no prior record or criminal history and has never posed a threat, physical or otherwise, to any witnesses or the community at large."
Walsh ordered Haas to have no contact with potential witnesses in the case. Arraignment was set for June 26, when Haas is expected to enter a plea. Haas Automation, which makes computerized machine tools, has said that Haas is not guilty and that the tax issues "revolve around" the company's former financial officer, John Phillips. Last month, Haas Automation by default won a Ventura County Superior Court lawsuit accusing Phillips of cheating the company out of $27.5 million. The transactions described in the lawsuit are among those listed in the federal indictment, said Peter Zierhut, a Haas Automation spokesman.
Phillips, who is an unindicted coconspirator, went to the FBI in April 2001 claiming Haas ordered him to cheat the government out of more than $8.9 million in taxes, the Justice Department said. The owner of Supermill Inc., a nonexistent Nevada company that allegedly issued fake bills to Haas Automation, agreed to plead guilty to two tax-evasion charges, the Justice Department said. Haas Automation's former general manager, Denis Dupuis, and a former salesman, Robert Cable, also were indicted in connection with the purported scheme.(chron.com)
A NASCAR team owner accused of defrauding the government of more than $20 million in taxes was released on $10 million bail Friday. Gene Haas, the 54-year-old owner of Oxnard-based Haas Automation and NASCAR's Haas CNC Racing, was arrested Monday for investigation of conspiracy, filing false tax returns and witness intimidation. Charges filed by the U.S. attorney's office accuse him of orchestrating a plan to list $50 million in bogus expenses that could be written off as business costs and save the company $20 million in taxes.
Haas was ordered to turn in his passport at a hearing before U.S. District Court Judge Patrick J. Walsh. The judge said Haas can travel to NASCAR races and to his business in North Carolina with the court's prior permission. Walsh overruled the government's objections to the bail conditions.
"The government's assertion that Mr. Haas is a flight risk was based entirely on conjecture and hearsay," Haas' attorney, Kenneth M. Barish, said in a statement. "Mr. Haas has no prior record or criminal history and has never posed a threat, physical or otherwise, to any witnesses or the community at large."
Walsh ordered Haas to have no contact with potential witnesses in the case. Arraignment was set for June 26, when Haas is expected to enter a plea. Haas Automation, which makes computerized machine tools, has said that Haas is not guilty and that the tax issues "revolve around" the company's former financial officer, John Phillips. Last month, Haas Automation by default won a Ventura County Superior Court lawsuit accusing Phillips of cheating the company out of $27.5 million. The transactions described in the lawsuit are among those listed in the federal indictment, said Peter Zierhut, a Haas Automation spokesman.
Phillips, who is an unindicted coconspirator, went to the FBI in April 2001 claiming Haas ordered him to cheat the government out of more than $8.9 million in taxes, the Justice Department said. The owner of Supermill Inc., a nonexistent Nevada company that allegedly issued fake bills to Haas Automation, agreed to plead guilty to two tax-evasion charges, the Justice Department said. Haas Automation's former general manager, Denis Dupuis, and a former salesman, Robert Cable, also were indicted in connection with the purported scheme.(chron.com)